KMLM Climbs on Fed Rate Hike Fears This Month
July 06, 2023 at 15:43 PM EDT
In a blow to equities and the outlook for another Fed interest rate hike, June’s private sector jobs doubled expectations. Major equity indexes dropped, and the 2-year Treasury soared to highs not seen since 2007. It’s a sharp reminder of the uncertainty that continues to drive markets this year and underscores the need for diversification. [...] The post KMLM Climbs on Fed Rate Hike Fears This Month appeared first on ETF Trends .
